The open positions of BTC contracts across the entire network reached 25.77 billion US dollars.
According to Coinglass data, the total open position of BTC futures contracts across the network is 454,700 BTC, equivalent to $25.77 billion, with a 24-hour increase of 0.39%. Among them, the open position of CME BTC contracts is 137,600 BTC (about $7.782 billion), ranking first; the open position of Binance BTC contracts is 108,300 BTC (about $6.14 billion), ranking second.
Crypto Market Sees $380 Million in Liquidations as Bitcoin Price Rallies Over $57,000
Bitcoin's price surged above $57,000, leading to a broader rally in the crypto market. The global crypto market cap increased by 7% to $2.25 trillion, with trading volumes also rising significantly. This resulted in over $380 million in crypto liquidations in the past 24 hours, with Bitcoin and altcoins funding rates reaching high levels. Additionally, options traders are predicting a strike price of $60K or even $70K before the upcoming Bitcoin halving, while BTC futures open interests on Binance and CME hit record highs.
95% of Bitcoin addresses are in a floating profit state
IntoTheBlock stated in a post on X platform that 95% of Bitcoin addresses are currently in a state of profit. The last time the proportion was this high was during the peak of the bull market in 2021, when the price of Bitcoin exceeded $60,000.
Crypto Market: PCE & Other Events To Watch Amid Fed Rate-Cut Speculations
Investors brace for a pivotal week as economic data, Fed speeches, and rate-cut speculations shape the crypto market's trajectory.
Satoshi Anticipated Bitcoin Energy Debate in Email Thread With Early Collaborators
The Bitcoin creator saw an irony in the debate between economic liberty and conservation in an email thread with an early collaborator Martii 'Sirius' Malmi.
The largest Bitcoin transaction occurred yesterday, involving 26,139 BTC and worth $1.347 billion
An address starting with 1aXzE transferred approximately 26,139 bitcoins worth about $1.347 billion to an address starting with 3M6XX yesterday, as monitored by Arkham.It is reported that the largest Bitcoin transaction prior to this occurred in April 2020, involving a trade of 161,500 BTC worth about $1.1 billion, involving two Bitfinex addresses, which was later confirmed by CTO Paolo Ardoino. Prior to that, other major transactions in 2019 and 2020 ranged from $491 million to $1.033 billion.
Cointime February 24 News Express
1. Ethena Labs explains the reason for the significant reduction in sUSDe APY: to ensure a slow and controlled product launch
Bitcoin DeFi platform SatoshiSwap.ai completes $700,000 pre-sale round of financing
The British Bitcoin DeFi platform SatoshiSwap.ai announced the completion of a $700,000 pre-sale round of financing. The new funds will be used to build a DEX designed specifically for the Bitcoin ecosystem. It is reported that the SatoshiSwap.ai model is similar to UniSwap, but its platform will use the Stacks L2 blockchain.
Saber56 CEO: “The time is ripe for many transactions” after BTC halving
Sabre56 CEO Phil Harvey stated that "many trading opportunities have matured" after the BTC halving. He said, "Time will tell, but historical data strongly suggests significant growth within 18 months."
ARK 21Shares Bitcoin Spot ETF saw a net inflow of $34.5 million yesterday
Farside Investors monitored that on February 23, the ARK 21Shares Bitcoin Spot ETF (ARKB) had a net inflow of $34.5 million.
Bitcoin retreats below $51,000
According to OKX market data on February 23rd, Bitcoin fell below $51,000 and is currently priced at $50,983, with a 24-hour drop of 0.82%.
Head of Deribit Asia-Pacific Business: Today’s largest BTC option block buy expires on March 1st, $52,000 straddle combination
Lin, the head of Deribit Exchange's Asia-Pacific business, stated that today's largest BTC options trade was once again buying a cross-market combination for March 1st: buying both a call and put option for 52,000 on March 8th, totaling 250 BTC and paying a premium of $785,000. The largest ETH trade today was buying 2,000 call options for 32,000 at the end of March, paying a premium of $314,000. The biggest change in the past 1-2 weeks compared to before the Spring Festival is that the large trades are relatively small. Recently, with the release of financial reports for US stocks and the FOMC meeting, the prices of technology stocks have been high, and traditional large institutions are focusing on arbitrage trading or short-term hedging.
Bitcoin Optech Newsletter #290
This week’s newsletter describes a proposal for providing DNS-based human-readable Bitcoin payment instructions, summarizes a post with thoughts about mempool incentive compatibility, links to a thread discussing the design of Cashu and other ecash systems, briefly looks at continuing discussion about 64-bit arithmetic in Bitcoin scripts (including a specification for a previously proposed opcode), and gives an overview of an improved reproducible ASMap creation process. Also included are our regular sections describing updates to clients and services, new releases and release candidates, and notable changes to popular Bitcoin infrastructure software.
Bitcoin exchange balances fall to lowest since April 2018
According to Glassnode data, since mid-March 2020, the amount of Bitcoin stored in exchange wallets has significantly decreased, marking a significant shift in investor behavior. At that time, more than 17% of the total Bitcoin supply was held on exchanges, reaching a historic high. However, the trend of decreasing exchange balances has continued, even during the 2021 Bitcoin bull market and is expected to continue until 2024. The amount of Bitcoin held on exchanges has continued to decline this year. From January 1st to February 19th, the amount of Bitcoin in exchange wallets decreased from 2.356 million BTC to 2.314 million BTC, the lowest level since April 2018.
Bitcoin drops below $51,000
According to OKX market data, Bitcoin fell below $51,000 and is now priced at $50,942, with a 24-hour decline of 1.89%.
VanEck's HODL Bitcoin ETF Trading Volumes Surge Over 2,200% Driven by Individual Traders
VanEck's HODL, a BTC ETF, saw a surge of over 2,200% in trading volumes on Tuesday, with individual traders driving the move. The ETF traded over $400 million, a 22-fold increase from its daily average of $17 million. The surge in volumes came ahead of a planned fee cut on Wednesday, with VanEck reducing its offering fees from 0.25% to 0.20%. The ETF now holds nearly $200 million worth of bitcoin, with the surge in volumes contributing to the highest volume day for bitcoin ETFs since their launch in January.
BTC market value returns to US$1 trillion, setting record in 2 years
According to Coingecko data, BTC's market value has returned to $1 trillion, currently valued at $1,026,205,886,144, setting a record for the past two years.
Over 840,000 New Bitcoin Addresses Suffer Losses Amid Speculations of Impending Sell-Off
Bitcoin's recent surge above $52,000 has been followed by a rebound and pullback frenzy, causing some concern about a potential sell-off. Over 840,000 new Bitcoin addresses that bought BTC during the rally have incurred significant losses, which could lead to increased selling pressure. Crypto analyst Michaël van de Poppe predicts a potential correction before the Bitcoin price peaks between $53,000 and $58,000. Despite this, TradingView has given Bitcoin a "Strong Buy" indicator and the cryptocurrency currently boasts a market capitalization of $1.01 trillion.
Bitcoin’s market depth on 33 CEX is close to $540 million
On February 20th, it was reported that earlier in the day, Bitcoin rose to a total value of $539 million in buy and sell orders within a 2% market depth (meaning within a 2% range of the market price) across 33 centralized exchanges. Data tracked by Kaiko shows that this is the highest level since October of last year and represents a 30% increase since the launch of the spot ETF on January 11th.
IntoTheBlock: Nearly 850,000 addresses bought 480,000 BTC at an average price of $52,125
According to IntoTheBlock data, 848,390 addresses bought 481,710 BTC (worth $25 billion) at an average price of $52,125. These addresses are currently in a loss position and may create selling pressure when their positions reach breakeven.
